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Morning Brief: Nikkei 225 and DAX jump while FTSE 100 and DXY slide


Nikkei 225 and Hang Seng spike

Asian stocks are in the green today as investors respond to strong manufacturing PMI numbers in the U.S. and around the world. In Japan, the Nikkei 225 Index is up by more than 1.67%, with most of its constituent companies showing an increase. The same is true in Hong Kong, where the Hang Seng climbed more than 0.80%, while in mainland China, the Shanghai composite was also up, by 0.10%.

Corporate earnings are firmly on the Nikkei 225’s radar today. Among the most notable companies that will release their second quarter results are Sony, Softbank, Daikin Industries, Mitsubishi UFJ, Subaru, Asahi, Yamaha and Mitsubishi Chemical. Indeed, shares in Asahi and Mitsubishi Chemical are the best-performing in the Nikkei 225, while Softbank and Yahoo Japan are among the worst-performers. The Nikkei 225 index is trading at ¥22,580.

In the Hang Seng, banks are leading losses because of overall weak results. HSBC’s share price is the worst-performing in the Hang Seng, falling by 2.85%. This brings total losses in the past 2 days to more than 7%. Hang Seng Bank, AAX Technologies and Sunny Optical. meanwhile, are today’s other leading laggards in the index. On the other hands, Wharf Real Estate, Techtronic Industries and China Life Insurance are the best-performing firms today.

Hang Seng and Nikkei 225 rise

Hang Seng Nikkei 225

DAX index and CAC 40 futures rise as FTSE 100 slides

Futures tied to the DAX index and CAC 40 are in the green today, following up on the stellar performance by their US counterparts. With no major economic data coming from Europe today, the focus among investors will remain on corporate earnings.

Among the DAX index constituents that will release their earnings today are Infineon and Bayer. In the UK, the FTSE 100 companies that will publish their quarterly results are BP, Relx, and Intesa San Paolo. Other key European companies to watch today will be Hembla, Accor, Johnson Matthey, and British Land.

DAX Index, FTSE 100, and CAC 40

DAX Index, FTSE 100, and CAC 40

Dow Jones futures climb as DXY falls

In the US, the Dow Jones rose by more than 200 points as Microsoft and Apple led the gains. Microsoft shares rose after the company expressed interest in sensational Chinese social media giant, Tik Tok. Apple, on the other hand, jumped as investors reacted to its strong results last week.

Today, the Dow Jones will move in reaction to corporate earnings from Walt Disney, Berkshire Hathaway, Aramark, AIA Group, and Monster Beverage. Meanwhile, the US dollar index (DXY) pared back some of the gains made yesterday.

Dow Jones, S&P 500, and DXY